Update on NicasiaThis member, Nicasia, belongs to the communal bank 'Madres Trabajadoras' (Working Mothers). The bank is located in the district of Santiago, belonging to the province of Cusco and the administrative division of Cusco.
Nicasia has continued her business selling sweets, working as a street vendor in one of the colleges in Cusco. She has been in this business for many years, which has meant that she has been able to help her family to succeed.
Nicasia is requesting this loan to buy more supplies for her business, such as cookies and sweets. She is grateful to those who are a part of her dream, and commits to making her payments on time.
La socia es la Sra.Nicasia;La socia continua con su negocio de venta de golosinas ,ella trabaja de forma ambulatoria en uno de los colegios del Cusco,la socia lleva años en este negocio el cual mediante este la socia saca adelante a su familia.
La socia solicita el prestamo para la compra de mas golosinas para su negocio como galletas y dulces.
La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsThe member is Mrs. Nicasia. She is 61, married, and has 2 children. The member alternates her daily activities with selling sweets as a street merchant. She sells them in the entrance to the Sivirichi school from 10 am to 6 pm. She sells a variety of sweets such as cookies, candies, gum and… More from Nicasia's previous loan »
Important InformationAbout Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- May 11, 2012
- May 24, 2012
- Currency Exchange Loss:
- Oct 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.